Why did the altcoin drop by 40%?
1: "War" is one of the important factors affecting the economy
The local friction between Iran and Israel has made the market pay for their military expenses
2: "Production reduction" is one of the most important reasons. Before the production reduction, everyone knew that this was an expected negative, especially capital and institutions. They can smell the sensitivity of the market and rush ahead in advance, leaving retail accounts to trample
3: The issue of "interest rate cut" should be what everyone has been paying attention to. A few days ago, CPI exceeded expectations. Everyone agreed that the Fed would not reduce it but increase it, and they were worried about whether it would raise interest rates. In fact, this time CPI was at most a little higher, not very outrageous. The annual interest rate of the United States is between 5.25 and 5.5. Such a high annual interest rate, coupled with the need to assist Ukraine and even Israel and the younger brothers from all sides, no matter how powerful it is, it can't bear it. The important thing is to speak with data, and high interest rates are not just talk
Just now, the European Central Bank announced a rate cut in June. I believe it is not far from releasing water
The cycle of big cakes must follow the cycle of the US dollar.
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Observation: ondo, ethfi, ena, tia , bnb...Dogecoin...
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